Business, 27.11.2019 19:31 raymond5799
Excess construction corp. has a $16 million contract to construct a building. the company estimates $10.4 million in costs to construct the building and an expected gross profit of $5.6 million. during the current year, the company incurred $3,120,000 of costs on the contract. under the percentage-of-completion method, how much will excess construction corp. report as revenue in the current year?
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Excess construction corp. has a $16 million contract to construct a building. the company estimates...
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